Bank Of Baku

Oil prices rise

Oil prices rise
# 04 October 2010 07:07 (UTC +04:00)
Baku – APA-Economics. Oil prices held gains above $81 a barrel Monday in Asia on renewed hopes that demand for crude will improve, Associated Press reported.

Benchmark oil for November delivery eased 2 cents to $81.56 a barrel at midday Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract gained $1.61 to settle at $81.58 on Friday, the first time it topped $80 a barrel since early August.

In London, Brent crude fell 1 cent to $83.74 a barrel on the ICE Futures exchange.
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